Otago Daily Times

NZC turns loss into profit

- Business · Cricket · Sports · New Zealand Cricket · New Zealand · David Blaine

Cricket: New Zealand Cricket has turned a pro­jected deficit of $2.4 mil­lion into a sur­plus of $1.5 mil­lion.

The na­tional body re­ported the profit at its an­nual meet­ing on Tuesday. It put the turn­around down to a re­duc­tion in ac­tiv­ity due to Covid­19, and wide­spread op­er­a­tional sav­ings across the or­gan­i­sa­tion.

Chief ex­ec­u­tive David White said NZC was bud­get­ing for a $3.5 mil­lion loss for the 2020­21 fi­nan­cial year.

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